Hess Announces 2021 E&P CAPEX Of $1.9bn
(Hess, 25.Jan.2021) — Hess today announced a 2021 Exploration & Production capital and exploratory budget of $1.9bn, of which more than 80% will be allocated to Guyana and the Bakken....
![Work At Dos Bocas Continues [PHOTOS]](https://secureservercdn.net/166.62.110.232/azj.dc0.myftpupload.com/wp-content/uploads/2021/01/dosb-source-sener-jan-22-c-1-768x511.jpg)
Work At Dos Bocas Continues [PHOTOS]
(Energy Analytics Institute, 23.Jan.2021) — Construction work at the Dos Bocas refinery in Mexico continues to move forward, announced Mexico's Energy Secretariat Rocio Nahle. Nahle is seen here explaining work...
China Buys Venezuelan Oil Doctored To Skirt Sanctions
(Bloomberg, 22.Jan.2021) — It may be the oil market’s worst-kept secret: Millions of barrels of Venezuelan heavy crude, embargoed by the U.S., have been surreptitiously going to China. The cat-and-mouse...
Italy Seeking Documents For Eni, Shell Nigeria Case
(Reuters, 20.Jan.2021) — Italian prosecutors asked a Milan Court on Wednesday for documents sourced from U.S. bank JPMorgan to be filed as part of a corruption trial over the acquisition...
Suriname Latest Big Oil Find As Industry Cuts Costs
(The New York Times, 20.Jan.2021) — The small South American country has become a hot prospect for oil companies looking to produce fossil fuels while spending less. The Atlantic waters...
Exxon’s 4Q:20 Results Call
(Exxon, 20.Jan.2021) — Please join Darren Woods, Chairman and Chief Executive Officer, and Stephen Littleton, Vice President and Secretary, for a discussion of fourth quarter 2020 financial and operating results...
Vincent Pereira To Retire From BHP Trinidad
(BHP, 20.Jan.2021) — BHP announced today that, after 16 years of leadership as BHP’s Country Manager for Trinidad and Tobago, Vincent Pereira will retire, effective June 2021. Michael Stone, Operations...
OFAC Targets Individuals And Entities Helping Maduro
(Energy Analytics Institute, 19.Jan.2021) — US Treasury Department's Office of Foreign Asset Control, or OFAC, slapped sanctions on three individuals, 16 companies and seven vessels for their alleged ties to...
Driller Stuns Creditors As Argentina’s Dollars Dwindle
(Bloomberg, 19.Jan.2021) — In the 99 years since it was founded to pump the oil fields of Patagonia, Argentine energy driller YPF SA has been whipsawed by countless booms and busts. If...
CSI Compressco Announces Quarterly Distribution
(Energy Analytics Institute, 19.Jan.2021) — CSI Compressco LP’s board of directors of its general partner has declared a cash distribution attributable to the quarter ended 31 December 2020 of $0.01...
CSI Compressco On 4Q:20 Conference Call, Webcast
(CSI Compressco LP, 19.Jan.2021) — CSI Compressco LP expects to release its fourth quarter and full year 2020 results before the opening of the market on Wednesday, 24 February 2021....
Ecopetrol On Sale Of Stake In Offshore Int’l Group
(Ecopetrol, 19.Jan.2021) — Ecopetrol S.A. signed a Share Purchase Agreement with De Jong Capital LLC, through one of its subsidiaries as buyer, pursuant to which Ecopetrol sold its 50% ownership...
OFAC Sanctions Individuals, Entities And Vessels
(Energy Analytics Institute, 19.Jan.2021) — The US Department of State updated its list of designated nationals; entities and vessels assisting Venezuela’s President Nicolas Maduro cling to power. The list follows....
Petrobras Comments On Refinery Divestments
(Petrobras, 19.Jan.2021) — Petrobras, regarding the news published in the media on the divestments progress of the refineries, clarifies: (i) the company has received a binding proposal for the sale...
Trump Hits Venezuela With Sanctions
(AP, 19.Jan.2021) — The Trump administration issued a parting shot at Venezuelan President Nicolás Maduro on Tuesday, announcing a sweeping round of stiff financial sanctions that target a network accused...
Petrobras On Amendments To Deals With CADE
(Petrobras, 18.Jan.2021) — Petrobras in relation to the news published in the media clarifies that the company did not sign the amendment to the Commitment Agreement (“TCC”) signed with the...
Petrobras Comments On New Pension Plan (PP-3)
(Petrobras, 18.Jan.2021) — Petrobras, following up on the release disclosed on 1 October 2020, informs that the Petros Deliberative Council and the company's Board of Directors have approved a new version...
Keystone XL Commits To Renewable Energy
(TC Energy, 17.Jan.2021) — TC Energy Corporation today announced a new sustainable energy initiative for the Keystone XL Project. The company will achieve net zero emissions across the project operations...
Shell Nigeria Gas Inks 20-Year Gas Distribution Deal
(Shell, 17.Jan.2021) — Leading domestic gas distribution company, Shell Nigeria Gas (SNG), has signed a 20-year agreement for the domestic distribution of gas to industrial customers and manufacturing plants in...
Maduro Accuses Donald Trump Of Attacks On CRP
(Energy Analytics Institute, 15.Jan.2021) — Venezuela’s leader Nicolás Maduro reiterated earlier claims that US President Donald Trump ordered the sabotage of the OPEC country’s Amuay and Cardón refineries in Punto...
Exxon’s Hassa-1 Doesn’t Finds Hydrocarbons
(Energy Analytics Institute, 15.Jan.2021) — Texas-based ExxonMobil announced results of the Hassa-1 exploration well offshore Guyana in the Stabroek Block didn’t find hydrocarbons in the primary reservoir target. “The Hassa-1...
Petrobras Starts North Capixaba Binding Phase
(Petrobras, 15.Jan.2021) — Petrobras, following up on the press release disclosed on 29 September 2020, informs the beginning of the binding phase regarding the sale of the totality of its...
SPDC Closes Sale Of Interest In Oil Mining Lease 17
(Shell, 15.Jan.2021) — The Shell Petroleum Development Company of Nigeria Limited (SPDC), has completed the sale of its 30% interest in Oil Mining Lease (OML) 17 in the Eastern Niger...
Venezuela Eyes Private Cos Operating Oil Fields
(Reuters, 14.Jan.2021) — Venezuelan officials have met in recent months with small domestic oilfield contractors to propose letting them operate fields owned by state-owned PDVSA while pocketing part of the...
Panama Canal LNG Vessel Bottleneck Could Go Months
(Reuters, 14.Jan.2021) — Congestion delaying LNG shipments via the Panama Canal is expected to last through the peak demand winter months, traders close to the situation said, although the canal’s...
Judge Approves Citgo Parent Share Sale
(Argus, 14.Jan.2021) — Venezuela inched closer to losing control of its US refining subsidiary Citgo today after a federal judge began crafting a sale process for shares of its controlling...
Venezuela Creates Special Crisis Commission
(Xinhua, 14.Jan.2021) — Venezuela's National Assembly on Thursday established a Special Commission for Dialogue, Peace and National Reconciliation, made up of ruling coalition and opposition legislators, to resolve the economic...
Total Announces Fourth Find In Suriname’s Block 58
(Total, 14.Jan.2021) — Total and Apache Corporation have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This...
Keskesi East-1 Finds Oil In Block 58 Offshore Suriname
(Apache, 14.Jan.2021) — Apache Corporation and Total S.A. today announced an oil discovery at the Keskesi East-1 exploration well in Block 58 offshore Suriname. Keskesi East-1 encountered targets in the...
SPDC Declares Force Majeure In Nigeria
(Energy Analytics Institute, 14.Jan.2021) — The Shell Petroleum Development Company of Nigeria Limited (SPDC), operator of the SPDC joint venture and the Forcados Oil Terminal in Nigeria, declared a force...
Petrobras CEO Denies Claims Of ‘Predatory’ Pricing Policy
(Reuters, 13.Jan.2021) — Roberto Castello Branco, chief executive of Brazil's state-run oil company Petroleo Brasileiro SA, has dismissed accusations from private fuel importers that the firm is enforcing a price...
Petrobras’ 4Q:20 Results Call Details
(Energy Analytics Institute, 13.Jan.2021) — Petrobras will report and release its production and sales details for the fourth quarter 2020 on 2 February 2021 followed by its fourth quarter financial...
Cheinere Marks Arrival Of First Cargo With CPC Taiwan
(Energy Analytics Institute, 12.Jan.2021) — Cheniere Energy announced arrival of its first cargo under a long-term contract with CPC Taiwan, the first of hundreds over the next 25 years. Cheniere...
Nigeria Solar Firm Gets $38mn To Expand
(Bloomberg, 12.Jan.2021) — Daystar Power, a Nigerian solar energy provider, has raised $38 million with the support of Investment Fund for Developing Countries and Morgan Stanley Investment Management to expand...
Guyana And US Ink Agreement In Georgetown
(DPI, 12.Jan.2021) — Chief of Staff of the Guyana Defence Force Brigadier Godfrey Bess and Commander of the U.S. South Command, Admiral Craig S. Faller, moments ago, signed an Acquisition...
Reganosa To Operate LNG Terminal In Ghana
(Reganosa, 12.Jan.2021) — Reganosa has been awarded the contract to operate and maintain a liquefied natural gas (LNG) regasification terminal in Tema, Ghana. Currently under construction, the Tema LNG terminal...
Maduro Says Venezuela Eyes Output Of 1.5 MMB/D
(Energy Analytics Institute, 12.Jan.2021) — Venezuela’s President Nicolas Maduro, during his annual speech to the nation on 12 January 2021, announced the OPEC country was eyeing oil production of 1.5...
France’s Total Acquires Fonroche Biogaz
(Total, 11.Jan.2021) — Total announces the acquisition of Fonroche Biogaz, a company that designs, builds and operates anaerobic digestion units in France. With close to 500 gigawatt-hours (GWh) of installed...
Trinidad And Tobago Energy Event And Trade Show 2021
(Trinidad Energy Chamber, 11.Jan.2021) — The Trinidad and Tobago Energy Conference will take place from 7-9 June 2021. Highlights: Event: Trinidad and Tobago Energy Conference (TTEC) Date: 7-9 June 2021...
Trinidad: Energy Efficiency And Renewables Event 2021
(Trinidad Energy Chamber, 11.Jan.2021) — The Energy Efficiency and Renewables Conference takes place from 1-3 February 2021. Highlights: Event: Energy Efficiency and Renewables Conference Date: 1-3 February 2021 Hosted By:...
Global Witness Withdraws Guyana Report
(Global Witness, 11.Jan.2021) — The climate emergency is the greatest threat facing the world. If we are to prevent its worst impacts we all must act now. For Global Witness...
OPEC Voluntary Production Levels (PDF DOWNLOAD)
(Energy Analytics Institute, 11.Jan.2021) — OPEC’s voluntary crude oil production levels for the months of January, February, and March. OPEC_Voluntary-Production-LevelsDownload __________ By Ian Silverman. © Energy Analytics Institute (EAI). All...
Iranian Oil Tankers Entering Venezuelan, Syrian Ports
(MEHR, 10.Jan.2021) — Tankertrackers reported that the Iranian oil and gasoline tankers have reached near Syria and Venezuela. According to Tankertrackers, an Iranian tanker carrying two million barrels of crude...
Mexican President Wants To Dissolve Energy Regulators
(Argus, 8.Jan.2021) — Mexican President Andres Manuel Lopez Obrador plans to dissolve Mexico's independent energy, telecommunications and competition regulators, incorporating them into government ministries. "These organizations have only served as...
Hess Reveals 4Q:20 Earnings Conference Call Date
(Hess, 8.Jan.2021) — Hess will hold a conference call on Wednesday 27 January 2021 at 10 a.m. Eastern Time to discuss its fourth quarter 2020 earnings release. To phone into...
Petrobras Inks Deal To Divest Mangue Seco 1
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 4 May 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora...
TechnipFMC On Activities Toward Separation
(TechnipFMC, 7.Jan.2021) — TechnipFMC plc announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and...
Suriname Oil Drilling To Expand
(St. Kitts-Nevis Observer, 7.Jan.2021) — Bahamas Petroleum Company PLC told investors it is on-track to add further wells to its operations in Trinidad and also Suriname. At the same time,...
Petrobras Inks Deal To Divest Mangue Seco 3 And 4
(Petrobras, 7.Jan.2021) — Petrobras, following up on the release disclosed on 12 June 2020, informs that it signed today with V2I Transmissão de Energia Elétrica S.A., with Vinci Infraestrutura Gestora...
Petrobras Reports Record Production In 2020
(Petrobras, 7.Jan.2021) — Petrobras registered records in its 2020 annual oil production and total annual production (oil and gas) of, respectively, 2.28 million barrels per day (bpd) of oil and...
Methanex To Cut 60 Employees At Titan Facility
(Methanex, 7.Jan.2021) — Methanex Corporation announced today that it expects its Titan methanol facility in Trinidad (875,000 annual operating capacity) will remain idled indefinitely. As a result, the company has...
NNPC Seeks $1bn Oil Prepay For Port Harcourt Refinery
(Reuters, 7.Jan.2021) — Nigeria’s state oil firm NNPC is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port...
Crown Point And Centaurus Enter Into Term Sheet
(Crown Point, 7.Jan.2021) — Crown Point Energy Inc., a Calgary-based oil and gas company with Argentine upstream conventional oil and gas assets, and Centaurus Energy Inc., an independent, Canadian company...
Colombia Said To Review Divesting Stake In ISA
(Bloomberg, 6.Jan.2021) — Colombia’s government is reviewing plans to sell a stake in Interconexion Electrica SA that is attracting interest from publicly owned companies, according to people with direct knowledge...
Jose R. Pocaterra Joins Citgo Board Of Directors
(Citgo, 6.Jan.2021) — The Citgo Petroleum Corporation Board of Directors announced that Jose R. Pocaterra has been named to the Board of Directors, replacing Edgar Rincon who remains Citgo's Chief...
EU Commission President On US Election
(Energy Analytics Institute, 6.Jan.2021) — EU Commission President Ursula von der Leyen comments on US elections and recognition of Joe Biden as the next US president. “I believe in the...
EU’s Declaration On Backing Venezuela’s Juan Guaido
(EU Council, 6.Jan.2021) — The Venezuelan elections of 6 December 2020 for the National Assembly regrettably went ahead without a national agreement on electoral conditions. The European Union considers that...
EU, Lima Group Sour On Juan Guaido
(Argus, 6.Jan.2021) — The EU and the Lima Group of Latin American countries and Canada have implicitly dropped support for Venezuelan opposition leader Juan Guaido as Venezuela's interim president, portending...
Pompeo On Win-Win Solutions, Capital Storming
(Energy Analytics Institute, 6.Jan.2021) — US Secretary of State Michael Pompeo comments on win-win mineral solutions in certain countries from DRC to Brazil as well as other issues related to...
Peru Oil And Gas Industry Eyes Rebound
(Argus, 5.Jan.2021) — Peru's oil and gas industry is hoping for a rebound in 2021 following a year marred by the COVID-19 pandemic, violent indigenous protests and political instability. With...
Venezuela’s New National Assembly Steps In
(Energy Analytics Institute, 5.Jan.2021) — Venezuela’s new National Assembly, elected in parliamentary elections on 6 December 2020, assumed power today in Caracas. Jorge Rodriguez will take over as the leader...
Exxon Spuds Bulletwood, Offshore Guyana
(Offshore Engineer, 5.Jan.2021) — U.S. oil major ExxonMobil has reportedly started drilling at the Bulletwood-1 well site on the Canje Block, offshore Guyana. The news was shared Tuesday by Westmount...
Elías Matta To Continue Heading Energy Commission
(Energy Analytics Institute, 5.Jan.2020) — Elías Matta will retain his post as the president of the energy and petroleum commission of the National Assembly, sources in Caracas tell Energy Analytics...
Sungrow Shipments To The Americas Cross 10 GW
(Sungrow, 4.Jan.2021) — Sungrow, the global leading inverter solution supplier for renewables, announced recently that its cumulative shipments in the Americas hit a significant milestone of 10 GW by the...
Apache Creates Holding Company Structure
(Apache, 4.Jan.2021) — Apache Corporation announced that its Board of Directors authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will...
Pattern Starts Building Wind Projects In NM
(Pattern Energy, 4.Jan.2021) — Pattern Energy Group LP completed financing and started the full construction process of its Western Spirit Transmission line and its suite of Western Spirit Wind power...
Petrobras Comments On IESA Oleo e Gas Case
(Petrobras, 4.Jan.2021) — Petrobras informs that an arbitral panel seated in New York, has issued an award in an arbitration initiated by IESA Óleo e Gás S.A. determining the payment...
EOG Resources Promotes Ezra Yacob To President
(EOG Resources, 4.Jan.2021) — EOG Resources’ Board of Directors promoted Ezra Y. Yacob to President of EOG effective immediately. Since December 2017, Yacob has held the position of Executive Vice...
Eurasia Group Publishes Top Risks For 2021
(Eurasia Group, 4.Jan.2021) — As we begin 2021, the United States is the most powerful, politically divided, and economically unequal of the world's industrial democracies. China is America's strongest competitor,...
Forestry Commission To Be Fully Operational Again
(DPI, 4.Jan.2021) — Minister of Natural Resources Hon. Vickram Bharrat has said the capacity of the Guyana Forestry Commission (GFC) has been strengthened and the entity would soon be fully...
Venezuela’s Oil Exports Sink To 1940’s Level
(Reuters, 4.Jan.2021) — Pressured by strict U.S. sanctions, Venezuela’s oil exports plunged by 376,500 barrels per day (bpd) in 2020, according to Refinitiv Eikon data and internal documents from state-run...
United Airlines Going 100% Green By 2050
(Energy Analytics Institute, 4.Jan.2021) — Houston-based United Airlines announced plans to cut its greenhouse gas emissions. “We are going 100% green by 2050 by reducing our greenhouse gas emissions 100%,”...
EP PetroEcuador Completes Merger With PetroAmazonas
(Energy Analytics Institute, 4.Jan.2021) — The long awaited merger of Ecuador’s two state oil and gas entities EP PetroEcuador and PetroAmazonas EP was approved by the South American country’s President...
Egypt Signs 9 New Deals For Oil And Gas Exploration
(Arab News, 3.Jan.2021) — The Egyptian Ministry of Petroleum and Mineral Resources has signed nine new petroleum agreements to search for petroleum and natural gas in the Mediterranean and the...
Guyana Oil Company Doubled Profits In 2019
(The Rio Times, 3.Jan.2021) — GuyOil, the report notes, has been able to maintain a market share of just about 25% and in 2019 sales revenue totaled US$37.516 billion, an...